The dynamic association between different strategies of renewable energy sources and sustainable economic growth under SDGs

被引：0
|
作者：
Wang, Gang [1 ]
Sadiq, Misbah [2 ]
Bashir, Taqadus [3 ]
Jain, Vipin [4 ]
Ali, Syed Ahtsham [5 ]
Shabbir, Malik Shahzad [6 ]
机构：
[1] School of Economics, AnHui University of Finance and Economics, BengBu, China
[2] Department of Management Sciences, Al-Qasimia University, United Arab Emirates
[3] Department of Management Sciences, Bahria University, Pakistan
[4] Teerthanker Mahaveer University, Uttar Pradesh, Moradabad, India
[5] Business School, Shanghai Jianqiao University, Shanghai, China
[6] Department of Management, Riphah International University, Pakistan
来源：
Energy Strategy Reviews | 2022年 / 42卷
关键词：
Economic analysis - Economic and social effects - Energy conservation - Energy policy - Environmental protection - Planning - Renewable energy resources - Sustainable development;
D O I：
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学科分类号：
摘要：
This study is trying to examine the different renewable energy sources and their impact on the economic growth at the state level under sustainable development goal seven (SDG-7). The SDGs goal (7th) defines the importance of clean, affordable and modern energy system in the World. Moreover, this study is attempting to increase the influence of sustainable energy consumption by employing dataset of selected Asian countries. This study uses annual panel data set and applies Augmented Mean Group (AMG), alongside Common Correlated Effects Mean Group (CCEMG) methods for data analysis. The overall results indicate the consumption of renewable energy sources have significantly contribution towards the economic prosperity of these economies. Furthermore, policy makers should focus on expansionary fiscal policies to enhance the use of environmental friendly power generation in these regions. © 2022
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